In Fact the Install date can be a date earlier than starting date
True
False
Correct Answer :
B. False
Related Questions
In Fact we have to specify the group of the ledger at the time of its creation
True
False
In Fact the additional information in transaction can be added through
Document Class
User Define Fields
Templet
Filter
To create a group while creating P/L Layout we have to press
Ctrl+A
Alt+A
Shift+Ctrl+A
Alt+Shift+A
FACT stores data files under FACT directory
True
False
Fact Support 4 Inventory valuation method
True
False
We can maintain multiple currency in FACT
True
False
When FACT is installed, the group created is
Manager
Default
Other
None of the above
FACT supports ____ number of users
100
254
256
None of the above
AR/AP stands for
Alternative Receipt/Payment
Automatic Receipt/Payment
Accounts Receivable/Payable
None of the above
FACT supports multiple godown facility
True
False
The default user that is created immdiately after creation of company in Fact is 'Admin'
True
False
Customised voucher numbering can be done through _______.
Document Class
Year Ending
Lock
Document Numbering
The 'Bill Terms' option in Fact is used to record
Details of Purchase Bill
Term of Sels Contract
Credit Period of Debtors
Discount Allowed
The Net Profit transferred to Balence Sheet in Fact using
Defined Total
Net Total
Opening P/L Balence
None of the above
The special account created to need cash withdrawal entris from bank is known as
Bank Contra Account
Contra Account
Cash Contra Account
Withdrawal Contra Account
New rights can be applied to
User
Group
Both of the above
None of the above
Audit Trail facility is available in FACT
True
False
It is possible to specify invoice-wise details of the opening balence of debtors in Fact
True
False
FACT does not support transfer of stock
True
False
If the Initial name of a company is "PQR", the company data will be stored in
FA-PQR
FA_PQR
FAPQR
PQR_FA
To pass a credit note we select
Sale Bill
Sales challan
Journal
None of the above
We can maintain monthly budget through the option Budget under Master
True
False
The User can define layout of cash flow in
Tally
Fact
Ex-NGN
Accord
In Fact the Install date can be a date earlier than starting date
True
False
We can assign rights to the user
True
False
In Fact if we set 'No Code Mode' to 'Yes', we will be able to specify code for the master that you creat
True
False
In Fact while creating a company we can specify an accounting model at
Company Templet
Install Sample Data
Install Sample Company
None of the above
We can assign opening balence to nominal account in Fact
True
False
In Fact the default user name is
Admin
User
Manager
Owner
While entring opening balence of account, Fact autometically recognise if it is Dr. Balence or Cr. Balence depanding on the type of the account
True
False